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Finland — Unemployment reaches 9.1% in March 2010

The latest Labour Force Survey published today by Statistics Finland reveals that the number of employed persons in March 2010 was 2.4 million, which was 48,000 lower than a year earlier.

In March, the employment rate stood at 66.5%, which was 1.5 percentage points lower than one year before. Adjusted for seasonal and random variation, the trend of the employment rate was 67.4%.

Year-on-year employment among men fell by 0.7 percentage points to 66.9% and employment among women fell by 2.4 percentage points to 66.2%.

There were 240,000 unemployed individuals in March 2010, i.e. +18,000 more than in March of the year before. The number of unemployed men grew by +12,000, the number of unemployed women grew by +6,000.

At 9.1%, the unemployment rate was +0.8 percentage points higher in March than one year earlier. The trend of the unemployment rate was 8.9% in March.

The unemployment rate for men rose by +0.8 percentage points to 10.5%, the unemployment rate for women rose by +0.7 percentage points to 7.5+.

In March 2010, the unemployment rate among young people aged 15 to 24 was 25.5%, which was +3.9 percentage points higher than in March of the year before. The trend of the unemployment rate among young people was 23.7%.

The number of 15 to 74-year-olds not belonging to the labour force grew by +50,000 persons, of whom 42,000 were women.

To read the full Labour Force Survey in Finnish language please click here

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